Bombardier Sets Course Beyond Jet Making for Future Growth

The Canadian business-jet manufacturer said it plans to focus on three segments-defense, aftermarket services and selling pre-owned certified aircraft-as key pillars to grow its revenue and cash reserves in the coming years. 


 
FTC Seeks More Information on $16.5 Billion Novo-Catalent Deal

The request signals that the agency is reviewing whether the deal could be anticompetitive under U.S. law. 


 
Exxon Completes $60 Billion Pioneer Natural Resources Acquisition

Exxon Mobil has completed its $60 billion acquisition of rival Pioneer Natural Resources after reaching an agreement with antitrust regulators, closing out the largest oil-and-gas deal in decades. 


 
AI Could Breathe Life Back into Apple's iPhone Sales

Apple - and investors - are looking to artificial intelligence to breathe new life into its offerings, particularly as iPhone sales continue to sputter. 


 
Hershey's beats on earnings as Reese's Caramel, Dot's Pretzels boost sales

"We are off to a strong start and remain on track to deliver our business strategies and financial commitments for the year," the company's CEO said Friday. 


 
Puig Shares Jump on Debut

Shares of Jean Paul Gaultier owner Puig rose sharply above the listing price on their trading debut in Spain after the world's biggest initial public offering so far this year. 


 
The iPhone Is Losing Its Cutting-Edge Appeal in China

A fall in Apple's sales in China shows that some consumers there no longer see Apple's flagship product as the most advanced in technology. 


 
Amgen Stock Is Having Its Best Day Since 2009. Why Wall Street Is Excited About Its Weight-Loss Drug.

The company is trying to carve a niche in a rapidly growing obesity-drug market that's currently dominated by Eli Lilly and Novo Nordisk. 


 
EV Makers Get Two-Year Reprieve on Tax-Credit Restrictions

The Treasury Department has extended eligibility for cars containing Chinese graphite through 2026. 


 
HSBC's Green Credentials Come Under Fresh Scrutiny

Activist shareholders are pressing the Asia-focused bank to clarify plans to spend up to $1 trillion on sustainable finance in the coming years.


(END) Dow Jones Newswires

05-03-24 1715ET